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  • BDE-9.1 BDE-9.1 General Requirements

    • BDE-9.1.1

      Bahrain domiciled expert CIUs must prepare semi-annual (interim) and annual audited financial statements for each financial year.

      April 2012

    • BDE-9.1.2

      The annual audited financial statements must be prepared in accordance with International Financial Reporting Standards (IFRS) or AAOIFI Standards, as applicable, by a qualified independent external auditor located in Bahrain and acceptable to the CBB. The semi-annual (interim) financial statements must be subject to an independent review by the same auditor.

      April 2012

    • BDE-9.1.3

      The annual audited financial statements must be disclosed and distributed to CIU participants and submitted to the CBB, within 4 months of the end of the CIU's financial year.

      April 2012

    • BDE-9.1.4

      The semi-annual (interim) financial statements must be disclosed and distributed to CIU participants and submitted to the CBB, within 2 months of the period end.

      April 2012

    • BDE-9.1.5

      Both the annual and semi-annual reports must contain as a minimum the information specified in Supplementary Information document CRR(i) of Part B of Volume 7.

      April 2012

    • BDE-9.1.6

      Publication of semi-annual and annual audited financial statements on the CIU's or operator's website is encouraged.

      April 2012

    • BDE-9.1.7

      The annual audited financial statements of the fund company (if applicable) must be submitted to the CBB, within 3 months of the financial year-end of the fund company.

      April 2012

    • BDE-9.1.8

      Bahrain domiciled expert CIUs must disclose their NAV to all CIU participants and potential investors, in accordance with the prospectus.

      April 2012